a. Identify the relative investor risk tolerance characteristics for each of the following investment strategies i. Buy and Hold [2] ii. Constant Mix [2] iii. Constant Proportion portfolio Insurance (CPPI) [2] b. Based upon a recent analysis of his objectives and constraints in conjunction with capital market expectations, Brians portfolio has the following strategic allocation Class Currently Cash & Equivalents 5% Long term treasury bonds 5% Domestic corporate bonds 5% Domestic equities 50% International equities 20% Real estate (raw land) 15% Using only the current allocation estimate: i. Brians age [3] ii. Brians wealth [3] iii. Brians tolerance for risk [3] Discuss factors that you considered [3]